In a report released yesterday, Scott Goldman from Jefferies reiterated a Hold rating on Consolidated Comms (NASDAQ: CNSL), with a price target of $12. The company’s shares closed yesterday at $11.77, close to its 52-week low of $10.31.
According to TipRanks.com, Goldman is a 4-star analyst with an average return of 16.1% and a 60.9% success rate. Goldman covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, Boingo Wireless Inc, and GTT Communications.
Consolidated Comms has an analyst consensus of Hold, with a price target consensus of $12.50.
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Based on Consolidated Comms’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $10.64 million. In comparison, last year the company had a GAAP net loss of $2.84 million.
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Consolidated Communications Holdings, Inc. provides business and broadband communications services. It provides integrated communication services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.
